News

Published on 14 Nov 2022 on Insider Monkey via Yahoo Finance

12 Best Construction Stocks To Buy Now


Article preview image

In this article, we discuss 12 best construction stocks to buy now. If you want to see more stocks in this selection, check out 5 Best Construction Stocks To Buy Now. 

Although consumer inflation decreased slightly in October, prices for services and rents are expected to rise, continuing the path of steep increases that have crushed the stock market in 2022. Apart from food and energy, core CPI is forecasted to have climbed by 0.5%, or 6.5% on an annual basis. This is less than the 0.6% jump in September, which represented an annual pace of 6.6%. The central bank has hinted that the future rate hikes will be smaller, although interest rates will continue to climb to rein in inflation.

A slower-than-expected rate of inflation sparked a rally in bond prices, which trims their yield. The 10-year Treasury yield dropped below 4% to 3.86% on November 10. This also indicates some relief in mortgage rates. The 30-year fixed-rate mortgage rate exceeded the 7% mark, touching 7.08% for the week ended November 10, as per Freddie Mac. The real estate sector on November 10 gained 6.7%, becoming the best-performing S&P 500 segment. Firms like D.R. Horton, Inc. (NYSE:DHI), Lennar Corporation (NYSE:LEN), and Toll Brothers, Inc. (NYSE:TOL) were the most prominent beneficiaries of the real estate rally. 

NYSE.CRH price evolution
LSE.BGEO price evolution
NASDAQ.SMMF price evolution
NYSE.LRN price evolution
LSE.CRH price evolution
NYSE.PHM price evolution
NYSE.DHI price evolution

Want to become a better investor?

Start tracking your investments with Statfolio

Sign up for free
Related News
Ansira Wins Two AWA Awards for Digital Marketing and Website Platform

AWA Awards Recognize Thought Leaders, Disruptors, and Innovators in Automotive Digital MarketingS...

News 12 Augusta 2 Feb 2023

Mack Real Estate Group plans 11-building industrial-office in Scottsdale - Phoenix Business Journal

The city of #Scottsdale has yet to consider plans for the large project.

The Business Journals 1 Feb 2023

What Adani’s Downfall Tells Us About India’s Crony Capitalism

Narendra Modi and Gautam Adani at the Vibrant Gujarat Global Summit on January 13, 2011 in...

Time via Yahoo News 1 Feb 2023

St. Louis public company follows up layoffs with plan to sell 'substantially all' of its assets

A St. Louis medical device maker that last month announced it was laying off its employees now sa...

American City Business Journals 30 Jan 2023

Insiders own 30% of Alpine Summit Energy Partners, Inc. (CVE:ALPS.U) shares but individual investors...

If you want to know who really controls Alpine Summit Energy Partners, Inc. (CVE:ALPS.U), then yo...

Simply Wall St. via Yahoo Finance 29 Jan 2023

Business Today to host its first-ever Market Today Summit

The one-day event will see market mavens decoding the trajectory of benchmark & sectoral indices ...

MSN News 24 Jan 2023

Investors in Summit Financial Group (NASDAQ:SMMF) have unfortunately lost 7.8% over the last year

It's understandable if you feel frustrated when a stock you own sees a lower share price. But som...

Simply Wall St. via Yahoo Finance 23 Jan 2023

Fed to banks: What’s the climate damage?

Fossil fueled Davos United Nations Secretary-General António Guterres chided the World Economic F...

Politico 18 Jan 2023

The University Of St. Thomas Receives Record $75 Million Gift

The University of St. Thomas, a private, Catholic university located in St. Paul-Minneapolis,...

Forbes 16 Jan 2023

Sam Bankman-Fried's parents, who bought him a dog while he's under house arrest, are some of the...

Sam Bankman-Fried and his mother, Barbara Fried.Tom Williams/CQ-Roll Call, Inc via Getty Images; ...

Business Insider via Yahoo Finance 11 Jan 2023